A luxury caravan business has collapsed into voluntary administration, putting at risk the money and dreams of hundreds of customers and staff just weeks before Christmas.
Zone Manufacturing Pty, trading as Zone RV in Coolum Beach on the Sunshine Coast, is one of Queensland’s largest RV manufacturers.
WATCH THE VIDEO ABOVE: Luxury caravan business goes into voluntary administration.
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Rahul Goyal, Catherine Margaret Conneely and Stephen Earel of Cor Cordis have been appointed administrators, according to a notice published by ASIC.
A first meeting of creditors will be held on December 10.
“(The administrators’) primary objective is to preserve value for all stakeholders, including about 250 employees, customers, and suppliers, and to determine the strategic options available for the business moving forward,” a Cor Cordis spokeswoman said, reported the Courier Mail.
“Zone RV will continue to trade in a substantially reduced capacity.”
Zone’s 250 staff were told the unsettling news on Monday, just weeks before Christmas.
One customer said he had paid the owed balance on his $194,000 caravan just hours before the gates were locked.
“Well it’s a life savings. I’m 75, I…